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Michael Leonard
40 Years of Experience
Morristown, NY
4 DisclosuresBroker
Michael Leonard is a registered investment advisor at Wells Fargo Advisors, based in Morristown, NY, with 40 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B
Fee Structure
Minimum Investment:$250K
- Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.
One-Time Plan:Up to $25,000
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Location
Morristown, NY
Get directionsHistory
Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
February 2016Denied
Customer Dispute
March 2009Withdrawn
Customer Dispute
March 2009Settled
Customer Dispute
April 1999Settled
Other Business Activities
Michael is an investment committee member for the Halifax Humane Society since 2020, reviewing investments on a quarterly basis. This requires minimal time.
Employment History
Current Registrations
Wells Fargo Advisors
June 2015 - Present · 10 yrs 11 mos
Wells Fargo Clearing Services, LLCBroker
June 2015 - Present · 10 yrs 11 mos
Previous Registrations
Suntrust Investment Services, INC.
November 2011 - July 2015 · 3 yrs 8 mos
Suntrust Investment Services, INC.Broker
November 2011 - July 2015 · 3 yrs 8 mos
Wells Fargo Advisors, LLC
July 2002 - November 2011 · 9 yrs 4 mos
Wells Fargo Advisors, LLCBroker
April 2002 - November 2011 · 9 yrs 7 mos
Wachovia Securities, INC.Broker
December 2001 - April 2002 · 4 mos
First Union Securities, INC.Broker
October 2000 - December 2001 · 1 yr 2 mos
First Union Brokerage Services, INC.Broker
April 1993 - October 2000 · 7 yrs 6 mos
Invest Financial CorporationBroker
May 1989 - April 1993 · 3 yrs 11 mos
Metlife Securities INC.Broker
January 1989 - May 1989 · 4 mos
Metropolitan Life Insurance CompanyBroker
January 1989 - May 1989 · 4 mos
Dean Witter Reynolds INC.Broker
September 1984 - July 1988 · 3 yrs 10 mos
E. F. Hutton & Company INCBroker
September 1984 - September 1987 · 3 yrs
State Registrations20 states
ALARAZCACOCTFLGAINMAMIMONCNYPASCTNTXUTWA
AdvisorBrokerBoth
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
No exam information available for this advisor.